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Acorn Energy Shares Down 27.1% Since SmarTrend's Sell Call (ACFN)

Mar 01, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified a Downtrend for Acorn Energy (NASDAQ:ACFN) on October 2nd, 2012 at $8.83. In approximately 5 months, Acorn Energy has returned 27.14% as of today's recent price of $6.43.

Over the past year, Acorn Energy has traded in a range of $6.35 to $13.20 and is now at $6.43, 1% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 1.1%.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Acorn Energy.

Log in and add Acorn Energy (ACFN) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com
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